Social Determinants of Health Market

Social Determinants of Health (SDOH) Market

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raksha

Author :

Raksha Sharma

Vineet

Fact-checked by :

Vineet Pandey

Vishal

Editor :

Vishal Golekar

The global social determinants of health (SDOH) market size was USD XX in 2022 and is likely to reach USD XX by 2031, expanding at a CAGR of XX% during 2023–2031. Increase in healthcare costs and the presence of government mandates are likely to boost the market.

Social determinants of health (SDOH) refer to the conditions in which people are born, live, age, grow, and work, and they include a wide range of factors that influence health outcomes. These determinants include socioeconomic status, education, housing, access to healthcare, and social support networks.

Social Determinants of Health Market Outlook

Research has shown that these social determinants have a significant impact on an individual’s health outcomes. For example, people with reduce levels of education and income are more likely to experience chronic health conditions such as diabetes and heart disease and high rates of infant mortality, while those with higher levels of education and income tend to have better health outcomes.

Other social determinants of health (SDOH) include discrimination, violence, and social isolation, which can all have negative impacts on an individual’s physical and mental health. Understanding and addressing these social determinants of health is crucial for promoting health equity and reducing health disparities in populations.

The market report finds that the COVID-19 Pandemic has propelled the market. SDOH plays an important role in improving the health of millions of people.

Social Determinants of Health Market Dynamics

Major Driver

Increasing awareness about SDOH in healthcare is expected to drive the market, as it has shown to have more impact on health and an individual’s well-being than factors such as behavior, biology, and medical care.

Rising government investments further influence the SDOH solutions and is expected to drive the social determinants of health market, as it is good for the consumer and economic stability. However, rise in SDOH healthcare expenditures, high demand for expanded care delivery, and advancements in healthcare infrastructure are boosting the market.

Restraints

High cost of healthcare products is expected to hinder the market, due to the complexity of adding new SDOH data to clinical protocols. However, concerns regarding the SDOH implementation, issues & complexities, and increasing security & privacy are restraining the market.

Opportunities

Increasing research & development (R&D) activities, especially in developed and developing countries, is expected to create lucrative opportunities for the market players. Need for robust SDOH data as it is utilized by developing new analytical models is anticipated to create lucrative opportunities for the market players.

Social Determinants of Health Market Dynamics

Scope of Social Determinants of Health Market Report

The market report includes research report includes an assessment of the market trends, market segments, and regional markets. Overview and dynamics have also been included in the report.

Attributes

Details

Report Title

Social Determinants of Health Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast

Base Year

2022

Historic Data

2016–2021

Forecast Period

2023–2031

Segmentation

Type (Social Context, Economic Stability, Environment, Food Insecurity, Education, and Healthcare Systems), Application (Authorization, Consent Management, Authentication, Privacy, and Patient-matching), and End-user (Payers and Providers)

Regional Scope

Asia Pacific, North America, Latin America, Europe, and Middle East & Africa

Report Coverage

Company Share, Social Determinants of Health (SDOH) Market Size and Analysis, Competitive Landscape, Growth Factors, Market Trends, and Revenue Forecast

Key Players Covered in the Report

Arcadia Group; AMERIHEALTH CARITAS; CancerIQ; Oracle; Color Health, Inc.; Cedar Gate Technologies; Health Catalyst; HealthEC, LLC; WELLSKY; Blue Cross Blue Shield Association; Innovaccer, Inc.; Lightbeam; Lumeris; Medecision; NowPow; Elevance Health; Optum, Inc.; Orion Health group of companies; Signify Health; CVS.com; and TransUnion LLC.

Social Determinants of Health Market Segment Insights

Type Segment Analysis

Based on type, the social determinants of health market is divided into social context, economic stability, environment, food insecurity, education, and healthcare systems. The healthcare systems segment is expected to expand at a significant pace during the projection period, due to the increasing number of initiatives to address SDOH within and outside of the healthcare systems.

Social Determinants of Health Market Type

Application Segment Analysis

On the basis of application, the market is segregated into authorization, consent management, authentication, privacy, and patient-matching. The patient-matching segment is projected to register a considerable CAGR during the forecast period, as it quickly and efficiently offers strategic advantages to integrate social determinants to health data. This patient-matching technology help organizations identify at-risk individuals and reduce readmissions among vulnerable populations.

End-User Segment Analysis

On the basis of end-user, the market is segregated into payers and providers. The payer's segment is expected to register a robust growth rate during the forecast period. In the healthcare industry, payers are organizations such as Medicare, health plan providers, and Medicaid that set service rates, process claims, and collect payments, among others. Payers are usually not the as same as providers.

Social Determinants of Health Market End-user

Regional Analysis

In terms of region, the global social determinants of health market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. North America is expected to dominate the market during the projection period, due to the presence of a well-established SDOH healthcare facility and the presence of major key players in the region.

The market in Asia Pacific is anticipated to expand at a rapid pace in the coming years, owing to the increase in government initiatives for SDOH, rising demand for quality healthcare, and growth of the medical tourism industry in the region.

Social Determinants of Health Market Regions

Segments

The global social determinants of health market has been segmented on the basis of

Type

  • Social Context
  • Economic Stability
  • Environment
  • Food Insecurity
  • Education
  • Healthcare Systems

Application

  • Authorization
  • Consent Management
  • Authentication
  • Privacy
  • Patient-matching

End-user

  • Payers
  • Providers

Region

  • Asia Pacific
  • North America
  • Latin America
  • Europe
  • Middle East & Africa

Key Players

  • Arcadia Group
  • AMERIHEALTH CARITAS
  • CancerIQ
  • Oracle
  • Color Health, Inc.
  • Cedar Gate Technologies
  • Health Catalyst
  • HealthEC, LLC
  • Blue Cross Blue Shield Association
  • WELLSKY
  • Innovaccer, Inc.
  • Lightbeam
  • Lumeris
  • Medecision
  • NowPow
  • Elevance Health
  • Optum, Inc.
  • Orion Health group of companies
  • Signify Health
  • CVS.com
  • TransUnion LLC.

Competitive Landscape

Key players competing in the global social determinants of health market are Arcadia Group; AMERIHEALTH CARITAS; CancerIQ; Oracle; Color Health, Inc.; Cedar Gate Technologies; Health Catalyst; HealthEC, LLC; WELLSKY; Blue Cross Blue Shield Association; Innovaccer, Inc.; Lightbeam; Lumeris; Medecision; NowPow; Elevance Health; Optum, Inc.; Orion Health group of companies; Signify Health; CVS.com; and TransUnion LLC.

These key players are adopting various strategies including mergers, acquisitions, collaboration, partnerships, product launches, and production expansion to expand their consumer base globally.

  • In March 2022, WellSky partnered with the Southeastern Michigan Health Association (SEMHA). The companies are likely to pool their initiatives that target and raise awareness for social determinants of health to achieve better health outcomes in communities in Michigan, the US.
  • In December 2021, TransUnion announced that it has completed the sale of TransUnion Healthcare, Inc. to nThrive, Inc. It is a leading healthcare revenue cycle management software-as-a-service (SaaS) platform backed by Clearlake Capital Group, L.P. for USD 1.735 Billion in cash.
Social Determinants of Health Market Key Players
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Social Determinants of Health Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Social Determinants of Health Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Social Determinants of Health Market - Supply Chain
  4.5. Global Social Determinants of Health Market Forecast
     4.5.1. Social Determinants of Health Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Social Determinants of Health Market Size (000’ Units) and Y-o-Y Growth
     4.5.3. Social Determinants of Health Market Absolute $ Opportunity
5. Global Social Determinants of Health Market Analysis and Forecast by Types
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Types
     5.2.2. Y-o-Y Growth Projections by Types
  5.3. Social Determinants of Health Market Size and Volume Forecast by Types
     5.3.1. Social Context
     5.3.2. Economic Stability
     5.3.3. Environment
     5.3.4. Food Insecurity
     5.3.5. Education
     5.3.6. Healthcare Systems
  5.4. Absolute $ Opportunity Assessment by Types
  5.5. Market Attractiveness/Growth Potential Analysis by Types
6. Global Social Determinants of Health Market Analysis and Forecast by Applications
  6.1. Market Trends
  6.2. Introduction
     6.2.1. Basis Point Share (BPS) Analysis by Applications
     6.2.2. Y-o-Y Growth Projections by Applications
  6.3. Social Determinants of Health Market Size and Volume Forecast by Applications
     6.3.1. Authorization
     6.3.2. Consent Management
     6.3.3. Authentication
     6.3.4. Privacy
     6.3.5. Patient-matching
  6.4. Absolute $ Opportunity Assessment by Applications
  6.5. Market Attractiveness/Growth Potential Analysis by Applications
7. Global Social Determinants of Health Market Analysis and Forecast by End Users
  7.1. Market Trends
  7.2. Introduction
     7.2.1. Basis Point Share (BPS) Analysis by End Users
     7.2.2. Y-o-Y Growth Projections by End Users
  7.3. Social Determinants of Health Market Size and Volume Forecast by End Users
     7.3.1. Payers
     7.3.2. Providers
  7.4. Absolute $ Opportunity Assessment by End Users
  7.5. Market Attractiveness/Growth Potential Analysis by End Users
8. Global Social Determinants of Health Market Analysis and Forecast by Region
  8.1. Market Trends
  8.2. Introduction
     8.2.1. Basis Point Share (BPS) Analysis by Region
     8.2.2. Y-o-Y Growth Projections by Region
  8.3. Social Determinants of Health Market Size and Volume Forecast by Region
     8.3.1. North America
     8.3.2. Latin America
     8.3.3. Europe
     8.3.4. Asia Pacific
     8.3.5. Middle East and Africa (MEA)
  8.4. Absolute $ Opportunity Assessment by Region
  8.5. Market Attractiveness/Growth Potential Analysis by Region
  8.6. Global Social Determinants of Health Demand Share Forecast, 2019-2026
9. North America Social Determinants of Health Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
  9.2. North America Social Determinants of Health Market Size and Volume Forecast by Country
     9.2.1. U.S.
     9.2.2. Canada
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. North America Social Determinants of Health Market Size and Volume Forecast by Types
     9.4.1. Social Context
     9.4.2. Economic Stability
     9.4.3. Environment
     9.4.4. Food Insecurity
     9.4.5. Education
     9.4.6. Healthcare Systems
  9.5. Basis Point Share (BPS) Analysis by Types
  9.6. Y-o-Y Growth Projections by Types
  9.7. North America Social Determinants of Health Market Size and Volume Forecast by Applications
     9.7.1. Authorization
     9.7.2. Consent Management
     9.7.3. Authentication
     9.7.4. Privacy
     9.7.5. Patient-matching
  9.8. Basis Point Share (BPS) Analysis by Applications
  9.9. Y-o-Y Growth Projections by Applications
  9.10. North America Social Determinants of Health Market Size and Volume Forecast by End Users
     9.10.1. Payers
     9.10.2. Providers
  9.11. Basis Point Share (BPS) Analysis by End Users
  9.12. Y-o-Y Growth Projections by End Users
  9.13. Market Attractiveness/Growth Potential Analysis
     9.13.1. By Country
     9.13.2. By Product Type
     9.13.3. By Application
  9.14. North America Social Determinants of Health Demand Share Forecast, 2019-2026
10. Latin America Social Determinants of Health Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Latin America Average Pricing Analysis
  10.2. Latin America Social Determinants of Health Market Size and Volume Forecast by Country
      10.2.1. Brazil
      10.2.2. Mexico
      10.2.3. Rest of Latin America
   10.3. Absolute $ Opportunity Assessment by Country
  10.4. Latin America Social Determinants of Health Market Size and Volume Forecast by Types
     10.4.1. Social Context
     10.4.2. Economic Stability
     10.4.3. Environment
     10.4.4. Food Insecurity
     10.4.5. Education
     10.4.6. Healthcare Systems
  10.5. Basis Point Share (BPS) Analysis by Types
  10.6. Y-o-Y Growth Projections by Types
  10.7. Latin America Social Determinants of Health Market Size and Volume Forecast by Applications
     10.7.1. Authorization
     10.7.2. Consent Management
     10.7.3. Authentication
     10.7.4. Privacy
     10.7.5. Patient-matching
  10.8. Basis Point Share (BPS) Analysis by Applications
  10.9. Y-o-Y Growth Projections by Applications
  10.10. Latin America Social Determinants of Health Market Size and Volume Forecast by End Users
     10.10.1. Payers
     10.10.2. Providers
  10.11. Basis Point Share (BPS) Analysis by End Users
  10.12. Y-o-Y Growth Projections by End Users
  10.13. Market Attractiveness/Growth Potential Analysis
     10.13.1. By Country
     10.13.2. By Product Type
     10.13.3. By Application
  10.14. Latin America Social Determinants of Health Demand Share Forecast, 2019-2026
11. Europe Social Determinants of Health Market Analysis and Forecast
  11.1. Introduction
     11.1.1. Basis Point Share (BPS) Analysis by Country
     11.1.2. Y-o-Y Growth Projections by Country
     11.1.3. Europe Average Pricing Analysis
  11.2. Europe Social Determinants of Health Market Size and Volume Forecast by Country
     11.2.1. Germany
     11.2.2. France
     11.2.3. Italy
     11.2.4. U.K.
     11.2.5. Spain
     11.2.6. Russia
     11.2.7. Rest of Europe
  11.3. Absolute $ Opportunity Assessment by Country
  11.4. Europe Social Determinants of Health Market Size and Volume Forecast by Types
     11.4.1. Social Context
     11.4.2. Economic Stability
     11.4.3. Environment
     11.4.4. Food Insecurity
     11.4.5. Education
     11.4.6. Healthcare Systems
  11.5. Basis Point Share (BPS) Analysis by Types
  11.6. Y-o-Y Growth Projections by Types
  11.7. Europe Social Determinants of Health Market Size and Volume Forecast by Applications
     11.7.1. Authorization
     11.7.2. Consent Management
     11.7.3. Authentication
     11.7.4. Privacy
     11.7.5. Patient-matching
  11.8. Basis Point Share (BPS) Analysis by Applications
  11.9. Y-o-Y Growth Projections by Applications
  11.10. Europe Social Determinants of Health Market Size and Volume Forecast by End Users
     11.10.1. Payers
     11.10.2. Providers
  11.11. Basis Point Share (BPS) Analysis by End Users
  11.12. Y-o-Y Growth Projections by End Users
  11.13. Market Attractiveness/Growth Potential Analysis
     11.13.1. By Country
     11.13.2. By Product Type
     11.13.3. By Application
  11.14. Europe Social Determinants of Health Demand Share Forecast, 2019-2026
12. Asia Pacific Social Determinants of Health Market Analysis and Forecast
  12.1. Introduction
     12.1.1. Basis Point Share (BPS) Analysis by Country
     12.1.2. Y-o-Y Growth Projections by Country
     12.1.3. Asia Pacific Average Pricing Analysis
  12.2. Asia Pacific Social Determinants of Health Market Size and Volume Forecast by Country
     12.2.1. China
     12.2.2. Japan
     12.2.3. South Korea
     12.2.4. India
     12.2.5. Australia
     12.2.6. Rest of Asia Pacific (APAC)
  12.3. Absolute $ Opportunity Assessment by Country
  12.4. Asia Pacific Social Determinants of Health Market Size and Volume Forecast by Types
     12.4.1. Social Context
     12.4.2. Economic Stability
     12.4.3. Environment
     12.4.4. Food Insecurity
     12.4.5. Education
     12.4.6. Healthcare Systems
  12.5. Basis Point Share (BPS) Analysis by Types
  12.6. Y-o-Y Growth Projections by Types
  12.7. Asia Pacific Social Determinants of Health Market Size and Volume Forecast by Applications
     12.7.1. Authorization
     12.7.2. Consent Management
     12.7.3. Authentication
     12.7.4. Privacy
     12.7.5. Patient-matching
  12.8. Basis Point Share (BPS) Analysis by Applications
  12.9. Y-o-Y Growth Projections by Applications
  12.10. Asia Pacific Social Determinants of Health Market Size and Volume Forecast by End Users
     12.10.1. Payers
     12.10.2. Providers
  12.11. Basis Point Share (BPS) Analysis by End Users
  12.12. Y-o-Y Growth Projections by End Users
  12.13. Market Attractiveness/Growth Potential Analysis
     12.13.1. By Country
     12.13.2. By Product Type
     12.13.3. By Application
  12.14. Asia Pacific Social Determinants of Health Demand Share Forecast, 2019-2026
13. Middle East & Africa Social Determinants of Health Market Analysis and Forecast
  13.1. Introduction
     13.1.1. Basis Point Share (BPS) Analysis by Country
     13.1.2. Y-o-Y Growth Projections by Country
     13.1.3. Middle East & Africa Average Pricing Analysis
  13.2. Middle East & Africa Social Determinants of Health Market Size and Volume Forecast by Country
     13.2.1. Saudi Arabia
     13.2.2. South Africa
     13.2.3. UAE
     13.2.4. Rest of Middle East & Africa (MEA)
  13.3. Absolute $ Opportunity Assessment by Country
  13.4. Middle East & Africa Social Determinants of Health Market Size and Volume Forecast by Types
     13.4.1. Social Context
     13.4.2. Economic Stability
     13.4.3. Environment
     13.4.4. Food Insecurity
     13.4.5. Education
     13.4.6. Healthcare Systems
  13.5. Basis Point Share (BPS) Analysis by Types
  13.6. Y-o-Y Growth Projections by Types
  13.7. Middle East & Africa Social Determinants of Health Market Size and Volume Forecast by Applications
     13.7.1. Authorization
     13.7.2. Consent Management
     13.7.3. Authentication
     13.7.4. Privacy
     13.7.5. Patient-matching
  13.8. Basis Point Share (BPS) Analysis by Applications
  13.9. Y-o-Y Growth Projections by Applications
  13.10. Middle East & Africa Social Determinants of Health Market Size and Volume Forecast by End Users
     13.10.1. Payers
     13.10.2. Providers
  13.11. Basis Point Share (BPS) Analysis by End Users
  13.12. Y-o-Y Growth Projections by End Users
  13.13. Market Attractiveness/Growth Potential Analysis
     13.13.1. By Country
     13.13.2. By Product Type
     13.13.3. By Application
  13.14. Middle East & Africa Social Determinants of Health Demand Share Forecast, 2019-2026
14. Competition Landscape
  14.1. Global Social Determinants of Health Market: Market Share Analysis
  14.2. Social Determinants of Health Distributors and Customers
  14.3. Social Determinants of Health Market: Competitive Dashboard
  14.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     14.4.1. Arcadia Group
     14.4.2. AMERIHEALTH CARITAS
     14.4.3. CancerIQ
     14.4.4. Oracle
     14.4.5. Color Health, Inc.
     14.4.6. Cedar Gate Technologies
     14.4.7. Health Catalyst
     14.4.8. HealthEC, LLC
     14.4.9. WELLSKY
     14.4.10. Blue Cross Blue Shield Association
     14.4.11. Innovaccer, Inc.
     14.4.12. Lightbeam
     14.4.13. Lumeris
     14.4.14. Medecision
     14.4.15. NowPow
     14.4.16. Elevance Health
     14.4.17. Optum, Inc.
     14.4.18. Orion Health group of companies
     14.4.19. Signify Health
     14.4.20. CVS.com
     14.4.21. TransUnion LLC.

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